Lulo Mine Yields Another 100ct. Diamond

RAPAPORT… Lucapa Diamond Company has recovered two special-sized rough
diamonds — a light brown stone weighing 103 carats, and an 83-carat, type-IIa diamond,
the miner announced Monday.

The 103-carat stone is the ninth diamond above 100 carats the
company has extracted from its Lulo mine in Angola. In November, it announced the discovery of two D-color, type-Ila stones weighing 129 and 78
carats.

The largest diamond the miner has found to date is the 4 de Fevereiro, a 404-carat rough that sold for $16 million in 2016. That sale helped Lucapa’s revenue jump to $26.2 million in the first half of that year from $2.9 million in 2015.

The company will include 25 special-sized diamonds — those weighing more than 10.8 carats — in its
first sale of 2018, including the two large stones it recovered in November.